The Wealth of Nations/Volume 2

by Adam Smith

 

THE WEALTH OF NATIONS

 

BY

ADAM SMITH, LL.D

 

PART TWO

 

 

NEW YORK
P. F. COLLIER & SON

MCMII

17

CONTENTS

VOLUME TWO

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1.  

   BOOK II—CONTINUED

   Of the Nature, Accumulation, and Employment of Stock

2. Chap. III.

   Of the Accumulation of Capital, or of productive and unproductive Labor ................................................................................................................................................................................................................................................................................................................................................................................................

   7

3. IV.

   Of Stock lent at Interest ................................................................................................................................................................................................................................................................................................................................................................................................

   34

4. V.

   Of the different Employment of Capitals ................................................................................................................................................................................................................................................................................................................................................................................................

   46

5.  

   BOOK III

   Of the different Progress of Opulence in different Nations

6. Chap. I.

   Of the natural Progress of Opulence ................................................................................................................................................................................................................................................................................................................................................................................................

   68

7. II.

   Of the Discouragement of Agriculture in the ancient State of Europe after the Fall of the Roman Empire ................................................................................................................................................................................................................................................................................................................................................................................................

   75

8. III.

   Of the Rise and Progress of Cities and Towns, after the Fall of the Roman Empire ................................................................................................................................................................................................................................................................................................................................................................................................

   91

9. IV.

   How the Commerce of the Towns contributed to the Improvement of the Country ................................................................................................................................................................................................................................................................................................................................................................................................

   106

10.  

    BOOK IV

    Of Systems of Political Economy

11. Introduction ................................................................................................................................................................................................................................................................................................................................................................................................

    124

12. Chap. I.

    Of the Principle of the Commercial, or Mercantile System ................................................................................................................................................................................................................................................................................................................................................................................................

    124

13. II.

    Of Restraints upon the Importation from foreign Countries of such Goods as can be produced at Home ................................................................................................................................................................................................................................................................................................................................................................................................

    156

14. III.

    Of the extraordinary Restraints upon the Importation of Goods of almost all Kinds, from those Countries with which the Balance is supposed to be disadvantageous ................................................................................................................................................................................................................................................................................................................................................................................................

    184

15. Part I. Of the Unreasonableness of those Restraints even upon the Principles of the Commercial System ................................................................................................................................................................................................................................................................................................................................................................................................

    184

16. Digression concerning Banks of Deposit, particularly concerning that of Amsterdam ................................................................................................................................................................................................................................................................................................................................................................................................

    192

17. Part II. Of the Unreasonableness of those extraordinary Restraints upon other Principles ................................................................................................................................................................................................................................................................................................................................................................................................

    206

18. IV.

    Of Drawbacks ................................................................................................................................................................................................................................................................................................................................................................................................

    220

19. V.

    Of Bounties ................................................................................................................................................................................................................................................................................................................................................................................................

    227

20. Digression concerning the Corn Trade and Corn Laws ................................................................................................................................................................................................................................................................................................................................................................................................

    252

21. VI.

    Of Treaties of Commerce ................................................................................................................................................................................................................................................................................................................................................................................................

    280

22. VII.

    Of Colonies ................................................................................................................................................................................................................................................................................................................................................................................................

    297

23. Part I. Of the Motives for establishing new Colonies ................................................................................................................................................................................................................................................................................................................................................................................................

    297

24. Part II. Causes of the Prosperity of new Colonies ................................................................................................................................................................................................................................................................................................................................................................................................

    309

25. Part III. Of the Advantages which Europe has derived from the Discovery of America, and from that of a Passage to the East Indies by the Cape of Good Hope ................................................................................................................................................................................................................................................................................................................................................................................................

    345

26. VIII.

    Conclusion of the Mercantile System ................................................................................................................................................................................................................................................................................................................................................................................................

    417

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